Triethylene Glycol (TEG) Market – Expected to Reach $718.3 Million by 2022. – Research and Markets

Research and Markets has announced the addition of the "Triethylene Glycol (TEG) Market Analysis By Application (Natural Gas Dehydration, Solvents, Plasticizers, Polyurethanes, Humectants, Polyester Resins) And Segment Forecasts To 2022" report to their offering.

The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022.

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period.

Growing chemical industry coupled with expanding end-use industries such as automotive industry especially in India and China is expected to boost demand for TEG in solvent and plasticizer applications. Increasing application scope of molded plastics and rubber is expected to result in increasing utilization of TEG over the forecast period.

Further key findings from the study suggest:

Asia Pacific was the largest market accounting for over 45% of global TEG volume share in 2014. Increasing use of gas as a fuel source in China, India, South Korea and Japan is expected to result in increased demand for TEG in the region. In addition, High technically recoverable shale gas deposits in China coupled with favorable government regulations in the country is expected to augment market demand over the next seven years.

Company Profiled:

• Huntsman Corporation
• China Petroleum & Chemical Corporation
• LyondellBasell
• SABIC
• Indorama Venture
• Clariant
• ExxonMobil
• The Dow Chemical Company
• Lotte Chemical Corporation
• INEOS Group Limited
• Reliance Industries Ltd
• Royal Dutch Shell
• Eastman Chemical Company
• BASF
• India Glycols
• Formosa Plastics
• Indian Oil Corporation Limited

Key Topics Covered:

1 Methodology & Scope

2 Executive Summary

3 TEG Industry Outlook

4 TEG Application Outlook

5 TEG Regional Outlook

6 Competitive Landscape

For more information visit http://www.researchandmarkets.com/research/4tqbrs/triethylene

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